Trump’s steel tariffs causing unintended consequences for manufacturers

He's the customer.

The price he's being charged will include more or less all the cost increases of his suppliers.

 

baloney, he is lying

 

This has been widely reported with many different sources.

There are even lots of social media posts showing similar situations.

 

fuck social media and they reports we already have experience with them

these are cut throat competition in steel in steel prices , 25% in increase in chin ese steel does not lead to 100% price increase across the board

 

maybe the Chinese simultaneously increased their prices.

 

but that has nothing to do with the tariffs, its called price gauging

 

Everyone is buying in advance of the tariff effective dates.

Supply is fixed in time.

 

if this is true then the prices will fall soon,

but what the average person is hearing from all sources "Oh, 100% increase !!"

but why one would buy in advance at 100% cost increase if at the date of increase it will be just 25%?

 

Correct, and these new tariffs are the only things retarding the collapse in economic activity.

The buyers fear more tariffs, and the sellers are rapidly running out of inventories vs the spike in demand. The only way to prevent inventory from evaporating is to raise prices until quantities demanded slows back to normal.

No article I've seen has claimed buyers are actually buying at these prices, only that this is the new price schedule.

Soon, it won't matter how much new tariffs are being placed on imports and exports. The downturn in production will overwhelm those externalities.

 

we will see